When I first started paying attention to managing my money, depositing my money in an interest-bearing savings or checking account was one of the smartest financial moves I made. While it’s still one of the safest, banks are paying next to nothing on interest these days. Instead of moving money from one account to another to chase the highest among low rates, consider the PerkStreet Checking Account.
All new PerkStreet account holders will receive a $25 sign-up bonus if they open and account and fund it before December 31, 2010. The initial deposit minimum is only $25, so for those looking to make a little extra money this holiday season, here’s your chance at a free $25 — an immediate 100% return, doubling your money.
The second great feature of the PerkStreet Checking Account is the amount of cash back you can earn on all purchases. Account holders with more than $5,000 in their checking account will earn 2% cash back on all purchases, with no tiers or spending limits. This cash back offer is better than most credit card offers on the market today, and using your checking account means not having to worry about late fees or high interest rates.
Account holders with less than $5,000 will still earn a solid 1% cash back.
In addition to that opportunity, all PerkStreet account holders, regardless of account balances, can earn 5% cash back on rotating categories and select merchants throughout the year. The categories and merchants are announced monthly, and the list for December focuses on holiday gift-giving.
The merchants included for January’s 5% cash back opportunity are any gym memberships, Jenny Craig, WeightWatchers, NutriSystem, H&R Block, Jackson Hewitt, Liberty Tax Service and Turbo Tax
There are no fees to sign up or maintain your PerkStreet Checking Account and PerkStreet Financial℠ Visa® Debt Card, and if you want coffee or music rewards instead of cash, you can do that too. The bonus earning rate is the same, so I’d prefer to get the cash and buy the coffee or music, while still having the flexibility to buy something else if I change my mind.
There have been reviews indicating customers have had difficulty transferring money in and out of their PerkStreet checking accounts on a regular basis. In addition, there are maximum transfer amounts depending on your account type, so make sure to check with PerkStreet before opening an account to learn just how often you will be able to transfer money in and out of your account.
PerkStreet is providing a great offer just in time for holiday shopping, so if you find yourself spending money at any of the retail outlets listed above, or are just interested in earning a quick $25 and saving 2% on all of your purchases, consider signing up for a PerkStreet Checking Account.